facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

301 South Mcdowell Boulevard

Marc Brutten Rob Taylor And Dan Sutherland Of Brixton Capital Acquire Retail Asset In Petaluma For $67.5M
SOLDRetail

Marc Brutten Rob Taylor And Dan Sutherland Of Brixton Capital Acquire Retail Asset In Petaluma For $67.5M

301 South Mcdowell Boulevard

$67,500,000

$313/SF

Building Size

215,506 SF

Asset Type

Retail

Closing

Feb 26, 2025

AI

This retail asset, located at 301 South McDowell Boulevard in Petaluma, has a total square footage of 215,506. The property was transacted for a price of $67,500,000, translating to a price per square foot of $313.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $67,500,000
  • Buyer: Marc Brutten, Rob Taylor & Dan Sutherland - Brixton Capital
  • Seller: Paragon Commercial Group
  • Brokers: Bryan Ley, Eric Kathrein & Warren McClean - JLL

Key players in this transaction included the buyer group Brixton Capital, represented by Marc Brutten, Rob Taylor, and Dan Sutherland, who finalized the acquisition from Paragon Commercial Group. The brokerage team from JLL, comprised of Bryan Ley, Eric Kathrein, and Warren McClean, facilitated the deal.

Players

Eric Kathrein

JLL

Broker

$800.3M

vol

20 deals

Broker
Marc Brutten

Marc Brutten

Brixton Capital

Buyer

$857.2M

vol

15 deals

Buyer
Brixton Capital
Brixton CapitalBuyer

Petaluma Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93